Melvin J & Claire Levine Jewish Residential & Fmly SRVC of Palm Be

Analysis

Melvin J & Claire Levine Jewish Residential & Fmly SRVC of Palm Be is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Melvin J & Claire Levine Jewish Residential & Fmly SRVC of Palm Be reported income of $3.0m and spending of $2.9m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $3.0m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Melvin J & Claire Levine Jewish Residential & Fmly SRVC of Palm Be sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include St Thomas Episcopal Senior Citizens Housing Devel Fund Corp ($3.0m), Suburban Housing Development and Research Inc ($3.1m) and The Safe Alliance Affordable Housing Corporation ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 64% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $2.5m against liabilities of $1.5m, net assets of $944k. It reported 34 employees.